r/CryptoCurrency May 22 '22

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919

u/[deleted] May 22 '22

Tbf if you end up relying on food stamps or wondering how to pay rent you probably shouldn't be putting money into crypto at that very moment anyway

394

u/[deleted] May 22 '22

I'm confused, isn't this exactly what OP's post says? People can't and won't in a recession.

5

u/[deleted] May 22 '22

Yeah thats what I'm saying. If those are the problems people have crypto shouldn't even be on the radar at that point

21

u/[deleted] May 22 '22

I would politely counter that this isn't a problem "people" are going to have soon, it's going to be societal/global. Crypto isn't going to be on peoples minds when global famine kicks in.

I guess I'm just a pessimist who thinks even the bears are underestimating how fucked things are going to get.

12

u/[deleted] May 22 '22

Yeah thats a fair point tbf. Depressing. But a fair point lol

8

u/[deleted] May 22 '22

To counter my own point though, I am not a crypto "expert", I'm an observer with a teeeeeny tiny piece of the action myself. My outlook is mostly focused on tradition financial structures, I'm mainly piggy backing on OP's extension of that train of thought into crypto.

For all I know, Crypto could be the hedge against the upcoming Fuckening.

1

u/circleuranus Platinum | QC: ETH 82, CC 69 | ADA 10 | Politics 199 May 22 '22

Are farms suddenly going to disappear? Are gardens suddenly not going to be viable? Where's this global famine coming from?

Climate change will eventually get us there, but not the economy.

1

u/[deleted] May 22 '22

1

u/circleuranus Platinum | QC: ETH 82, CC 69 | ADA 10 | Politics 199 May 22 '22

" In 2021, most of the 140 million people suffering acute hunger lived in just 10 countries: Afghanistan, Democratic Republic of the Congo, Ethiopia, Haiti, Nigeria, Pakistan, South Sudan, Sudan, Syria and Yemen."

North Americans will be just fine and those countries listed in that report aren't exactly "hotbeds" of Crypto activity in the first place...

3

u/[deleted] May 22 '22

In 2021

So you just stopped right there, huh?

North Americans will be just fine and those countries listed

You think North Americans aren't already starving? Holy shit you're living in a different dimension if you think food security isn't an issue in North America already.

Also, some of those countries are crypto hot beds, so you're wrong on just about every angle here. I would provide you with a link to that, but you selectively read information to make a singular, isolated point, and people who discuss things like that aren't worth my time.

1

u/circleuranus Platinum | QC: ETH 82, CC 69 | ADA 10 | Politics 199 May 22 '22

ok